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Ripple’s RLUSD Pilot Offers New Hope for Drought-Hit Pastoralists in Kenya

  • Ripple's successful collaboration with the Diva Campaign in Kenya utilized the RLUSD stablecoin for drought insurance, impacting 517 pastoralists, with a focus on gender inclusion.
  • Satellite data was used to monitor vegetation health during the pilot, preventing the need for payouts due to favorable conditions, offering risk protection for pastoralists.
  • The Ripple pilot in Kenya showcased the potential of blockchain technology in providing financial resilience during natural disasters, protecting pastoralists ahead of the drought season.
  • The initiative demonstrated the effectiveness of digital assets and satellite technology in offering sustainable drought insurance solutions for high-risk communities in Kenya, with potential for broader adoption in other climate vulnerable regions.

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